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iren2701 [21]
3 years ago
11

Wooten & McMahon Enterprises produces a product with the following per-unit costs: Direct materials $13.00 Direct labor 8.80

Manufacturing overhead 16.50 Last year, Wooten & McMahon Enterprises produced and sold 825 units at a sales price of $74.80 each. Total selling and administrative expense was $24,200. What was the total operating income last year? (Note: Round answer to two decimal places.) a.$25,500.50 b.$5,912.50 c.$51,000.00 d.$29,000.75
Business
1 answer:
Setler [38]3 years ago
6 0

Answer:

b.$5,912.50

Explanation:

The computation of the operating income is shown below:

= Sales - Direct materials cost - Direct labor cost - Manufacturing overhead cost - Total selling and administrative expense

where,

Sales = Number of units × selling price per unit

         =  825 units × $74.80

         = $61,710

Direct materials cost = Number of units × Direct materials per unit

         =  825 units × $13

         = $10,725

Direct labor cost = Number of units × Direct labor per unit

         =  825 units × $13

         = $7,260

Manufacturing overhead cost = Number of units × Manufacturing overhead per unit

         =  825 units × $16.50

         = $13,612.50

And, the Total selling and administrative expense is $24,200

Now put these values to the above formula

So, the value would equal to

= $61,710 - $10,725 - $7,260 - $13,612.50 - $24,200

= $5,912.50

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When firms are said to be price takers, it implies that if a firm raises its price: a. buyers will go elsewhere. b. buyers will
MatroZZZ [7]

Answer:

The correct answer is a. buyers will go elsewhere.

Explanation:

This situation occurs when there is competition, that is, other businesses that offer the same or similar products as those of a particular company. In this scenario, the potential buyer will notice the difference according to their previous experiences and will find a way to acquire products from another brand that offer the same satisfaction as the product that rose in price. You must be very cautious with this practice, since it can end up damaging the operation, and in the worst case, leading to bankruptcy.

3 0
3 years ago
Which is an Internet service<br><br> A. Antivirus <br> B. Chat<br> C. Firewall <br> D. Router
djverab [1.8K]

Answer:

B. Chat

Explanation:

A. Antivirus is a program that runs on your computer and prevents it from being infected by stuff encountered on the Internet.

B. Chat is a messaging service that uses the Internet to work.  It's not a classical Internet service like the Web or email, but that's the closest thing in your answer choices.

C. A Firewall is another form of protection from the Internet, it blocks certain communications, but a firewall is not a service and it's not Internet-based.

D. Router is a machine that directs traffic between computers, not a service.

8 0
3 years ago
Read 2 more answers
The following data are taken from the unadjusted trial balance of the Westcott Company at December 31, 2017. Complete the worksh
Alex17521 [72]

Answer:

The total of adjusted trial balance debit and credit side is $159 after posting the given transactions. The sheet is attached with the full working showing both of the trial balances - un-adjusted and adjusted one.

Explanation:

Following journal entries were posted in the trial balance to adjust it.

<u>Transaction a:</u>

Debit: depreciation expense $3

Credit: accumulated depreciation $3

<u>Transaction b: </u>

Debit: salaries expense $6

Credit: accrued salaries $6

<u>Transaction c:</u>

Debit: Unearned revenue $12

Credit: Revenue $12

When unearned revenue is earned, it is removed from unearned revenue by debiting it and then it is credited to the revenue for the period.

<u>Transaction d:</u>

Debit: supplies expense $9

Credit: supplies $9

<u>Transaction e:</u>

Debit: insurance expense $15

Credit: Insurance prepaid $15

When the insurance is expired, it is deducted from the prepaid insurance by crediting it from prepaid insurance account and it is debited to insurance expense account.

Download docx
3 0
3 years ago
Internal business partnerships between supply and other functional areas such as marketing/sales, finance/accounting, and engine
podryga [215]

Answer:

a. desirable because of the interdependencies between and among functions.

Explanation:

Workflow management systems can be defined as a strategic software application or program designed to avail companies the infrastructure to setup, define, create and manage the performance or execution of series of sequential tasks, as well as respond to workflow participants.

Some of the international bodies that establish standards used in workflow management are;

1. World Wide Web Consortium.

2. Workflow Management Coalition.

3. Organization for the Advancement of Structured Information Standards (OASIS).

Workflow management systems enhances the automation and management of various business processes, as well as create partnership between different units through the business process.

Hence, internal business partnerships between supply and other functional areas such as marketing/sales, finance/accounting, and engineering are desirable because of the interdependencies between and among functions.

6 0
2 years ago
Lexington Company engaged in the following transactions during Year 1, its first year in operation: (Assume all transactions are
ella [17]

Answer:

($1,575)

Explanation:

The computation of net cash flow from financing activities is shown below:-

Lexington Company

Net cash flow from financing activities

Particulars                                                   Amount

Cash received from common stock           $650

Less:Cash paid for repayment of loan        ($1,405)

Less: Cash paid for dividend                       ($820)

Net cashflow from financing activities     ($1,575)

So, to reach the net cashflow from financing activities we simply added the cash received from common stock and deduct the cash paid for repayment of loan and cash paid for dividend.

3 0
3 years ago
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